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Ruralco to return to the black

Agribusiness Ruralco Holdings expects to post a half year net profit of between $4.5 and $5 billion, up from a $500,000 loss a year ago.

The operator of more than 40 specialist businesses expects underlying earnings in the six months to the end of March to be up by between 25 and 35 per cent, while underlying profit is expected to rise by up to 55 per cent.

The company will release its results for the half year to March 31 on May 20.

Managing director John Maher attributed the return to profit to the company's efforts to diversify its operations.

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"Whereas the start-up costs of our new live export business have been greater than expected, most other activities have performed well in the half year," he said.